Moody's has recently come back and said that food inflation is very high in India and could cause a downgrade for india sovereign rating.
Our food inflation is the highest for the longest period of time. Compared to global 3% we are over 10%.
What to do.. how it food inflation impacts us
Consumerism takes a hit because of high inflation, and some of the growth numbers in hul, colagate all show lower growth
It is definitely no longer safe to be in these stocks.
Here is the article from the toi on the food inflation
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